19 October 2023, KARACHI: NEPRA conducted a public hearing on the petition filed by K-Electric (KE) on account of Quarterly Tariff Adjustments (QTA) for April to June 2023.
Under the Uniform Tariff Policy that is applicable throughout the country, the impact of QTA is usually not passed to customers. Final decisions, however, are based on NEPRA’s determination and subsequent notification by the Federal Government. The QTA includes unrecovered cost related to changes in T&D loss component of FCA, O&M and capacity power purchase, other adjustments and write off claims as per the prescribed mechanisms.
ABOUT K-ELECTRIC:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 square kilometers territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.